The issue is, I want to refi the primary too.

yeah, i heard houses are going around 50k ish for "nice houses" in texas. thing is, is texas worth living in...?

Hey Guys,Ok I have some experience wholesaling and have actually quit my job, but my issue is I really want to crank up my wholesaling business instead of just bandit signs and do other things to bring me more leads like direct mail, probate etc..

The bottom line is, I have a limited supply of cash (for now, any way) so the question becomes "How much money can I get out of this money?"

I use the method that Matt just suggested only difference is I title mine as a "Holding Fee".

@Jay HinrichsIts a different world Jay.For some investors its hard to swallow so I encourage that it might not be the right investment for them.It sure is. I

I haven't run my numbers yet as this is one of my existing mobiles and they are moving out next week.The difference between my renting the unit and making $255 a month vs. lease to own is I still will make the $255 per month but with lease to own I have no repair issues.

Everyone gets their % and cash flow differently but for me a simple way to look at is is take your ending positive cash flow total for the year and divide it by the total out of pocket cost to purchase and repair the home along with closing costs and you should get your number.

I am brand new to all this - but I thought I read that as long as it is 1 year is is taxed as a capital gain

Is is probably likely safe to bet on the Sumter St. house long-term, or foolish?